SOXS vs. DIG

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Semiconductor Bear 3x Shares (SOXS) and ProShares Ultra Oil & Gas (DIG).

SOXS and DIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010. DIG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index (200%). It was launched on Jan 30, 2007. Both SOXS and DIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SOXS vs. DIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bear 3x Shares (SOXS) and ProShares Ultra Oil & Gas (DIG). The values are adjusted to include any dividend payments, if applicable.

SOXS vs. DIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOXS Direxion Daily Semiconductor Bear 3x Shares	-35.85%	-85.53%	-59.55%	-84.56%	15.76%	-80.94%	-92.90%	-83.81%	-19.39%	-69.39%
DIG ProShares Ultra Oil & Gas	85.56%	2.73%	0.93%	-13.04%	125.34%	115.63%	-70.36%	12.51%	-40.11%	-7.39%

Returns By Period

In the year-to-date period, SOXS achieves a -35.85% return, which is significantly lower than DIG's 85.56% return. Over the past 10 years, SOXS has underperformed DIG with an annualized return of -74.41%, while DIG has yielded a comparatively higher 8.22% annualized return.

SOXS

• 1D: -18.22%
• 1M: 12.17%
• YTD: -35.85%
• 6M: -60.64%
• 1Y: -92.86%
• 3Y*: -75.94%
• 5Y*: -69.51%
• 10Y*: -74.41%

DIG

• 1D: -2.11%
• 1M: 20.66%
• YTD: 85.56%
• 6M: 84.85%
• 1Y: 61.85%
• 3Y*: 23.97%
• 5Y*: 36.31%
• 10Y*: 8.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOXS vs. DIG - Expense Ratio Comparison

SOXS has a 1.08% expense ratio, which is higher than DIG's 0.95% expense ratio.

SOXS

Direxion Daily Semiconductor Bear 3x Shares

DIG

ProShares Ultra Oil & Gas

Return for Risk

SOXS vs. DIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 2
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 4

DIG

DIG Risk / Return Rank: 66
DIG Sharpe Ratio Rank: 73
DIG Sortino Ratio Rank: 69
DIG Omega Ratio Rank: 70
DIG Calmar Ratio Rank: 74
DIG Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOXS vs. DIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) and ProShares Ultra Oil & Gas (DIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SOXS	DIG	Difference
Sharpe ratio Return per unit of total volatility	-0.78	1.26	-2.04
Sortino ratio Return per unit of downside risk	-1.97	1.68	-3.65
Omega ratio Gain probability vs. loss probability	0.75	1.25	-0.50
Calmar ratio Return relative to maximum drawdown	-0.96	1.85	-2.81
Martin ratio Return relative to average drawdown	-1.09	3.79	-4.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXS vs. DIG - Sharpe Ratio Comparison

The current SOXS Sharpe Ratio is -0.78, which is lower than the DIG Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of SOXS and DIG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOXS	DIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	1.26	-2.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.66	0.71	-1.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.75	0.14	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	0.01	-0.76

Correlation

The correlation between SOXS and DIG is -0.42. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SOXS vs. DIG - Dividend Comparison

SOXS's dividend yield for the trailing twelve months is around 8.42%, more than DIG's 1.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOXS Direxion Daily Semiconductor Bear 3x Shares	8.42%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%	0.00%	0.00%	0.00%
DIG ProShares Ultra Oil & Gas	1.34%	2.62%	3.13%	0.61%	1.33%	2.24%	3.18%	2.72%	2.30%	1.76%	1.09%	1.56%

Drawdowns

SOXS vs. DIG - Drawdown Comparison

The maximum SOXS drawdown since its inception was -100.00%, roughly equal to the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for SOXS and DIG.

Drawdown Indicators

	SOXS	DIG	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-97.04%	-2.96%
Max Drawdown (1Y) Largest decline over 1 year	-96.52%	-35.40%	-61.12%
Max Drawdown (5Y) Largest decline over 5 years	-99.85%	-46.02%	-53.83%
Max Drawdown (10Y) Largest decline over 10 years	-100.00%	-92.53%	-7.47%
Current Drawdown Current decline from peak	-100.00%	-45.64%	-54.36%
Average Drawdown Average peak-to-trough decline	-92.52%	-64.48%	-28.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	85.40%	17.30%	+68.10%

Volatility

SOXS vs. DIG - Volatility Comparison

Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a higher volatility of 40.43% compared to ProShares Ultra Oil & Gas (DIG) at 9.86%. This indicates that SOXS's price experiences larger fluctuations and is considered to be riskier than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXS	DIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.43%	9.86%	+30.57%
Volatility (6M) Calculated over the trailing 6-month period	78.54%	27.64%	+50.90%
Volatility (1Y) Calculated over the trailing 1-year period	119.87%	49.37%	+70.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.45%	51.66%	+54.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.17%	57.59%	+41.58%